The Lincoln County leader. [volume] (White Oaks, Lincoln County, N.M.) 1882-189?, 1887-09-24
ADVANTAGES OF BUILDING
ASSOCIATIONS.

]
saved.
They enable the working mar
to secure for himself a home, OF
to accumulate moderate sun
against a rainy day.
They secure for city a better,
more self respecting andJ stable
class of citizens.
They educate the working man
in the methods and principles of
business.
They give him personal inter
est in the management OF his daily
accumulated savings.
They give him hope, and make
HIM more contented with his lot
when he finds himself making
some little headway with his earn
ings.
The expenses are merelyInomi-
nal-no heavy rents, noshigh sala-
ried officers.
The profits are shared equally !;
the depositors are the sharehold-
ers.
The investments are in real estate
in growing city with the best
possible security.
A working man with no security
to offer, and therefore helpless in
the business world, will find his
shares grow until in few years
they are themselves security for
loan. If he borrows late, his
shares mature as quickly as do
those who borrow early in his Sc.
ries. lie has his home paid for as
soon, but has in the mean ime
been paying rent instead of in
terest.-Citrograph.
He who wroteIthe above, knew
whereof he spake. Grateful un-
deubtedlystor the benefits drawn
from investments in building as
sociation, the Citrograph man gives
us not enly the Ten Command
ments as to what we owe to our
selves, our wives and little ones,
but he also caps it by giving unto
the workingman, the Eleventh
Commandment, which not only
embraces his duty towards himself,
but his duty towards his neighbor,
the doing unto others" as the
working man would have others
do unto him" Thousands of
workingmen, both in England and
the United States, date their pros
perity from the day they first began
to invest their savings in the work
ingman's bank, the building asso-
ciation, and wherever this system
OF savings has been adopted, we
neither hear of "strikes' or "anti-
poverty society" shriokers amongst
IT'S members. Take tho city Of
Philadelphia, for example, where
it IS hard TO find a mechanic or la
boring man who is not the own
er OF comfortable home, or who
does not contemplate owning one
through the assistance of build
ing association. In England, where
building associations first origina-
ted throgh the philanthropic et-
forts Of Lord Carlisle, about fifty
years ago, to better the condition
OF the wOrkingmen in his coll
ieries. The system has since
grown to such an enormous extent
that the assets OF eseIinstitutions
are counted by the millions. Near
| ly every one of our own States and
Territories have legislated on the
subject, and in nearly every enter
prising village, town or city in the
United States, almost the first sub
ject thought Of by the workingman
OF family after a school for his
children, is the organization of a
building association-Why? Sim
ply because every poor, hardwork
ingman naturally wants to own a
home Of his own, and if he can
secure the means, he will own it
The building association is es-
sentially the workingman's savings
bank, Of which he, as a aepositor,
is a shareholder, and opens the
door wide open, SO as to enable
him to reach the noblest aspira